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NO. 28 OF 2021
- (a) A is a related corporation of the relevant entity;
- (b) A is a corporation whose directors are accustomed or under an obligation, whether formal or informal, to engage in conduct in accordance with the directions, instructions or wishes of the directors of the relevant entity;
- (c) the relevant entity is a corporation whose directors are accustomed or under an obligation, whether formal or informal, to engage in conduct in accordance with the directions, instructions or wishes of A or, where A is a corporation, of the directors of A;
- (d) A is a person who is accustomed or under an obligation, whether formal or informal, to engage in conduct in accordance with the directions, instructions or wishes of the directors of the relevant entity;
- (e) the relevant entity is a person who is accustomed or under an obligation, whether formal or informal, to engage in conduct in accordance with the directions, instructions or wishes of A or, where A is a corporation, of the directors of A; or
- (f) A is related to the relevant entity in such other manner as may be prescribed by Regulations.
Designating individual as politically significant person
48.—(1) The competent authority may designate a relevant individual to be a politically significant person if—
- (a) any of the following circumstances exists:
- (i) the relevant individual is a member of a foreign legislature or a foreign political organisation;
- (ii) the activities of the relevant individual (whether alone or in collaboration or under any arrangement with another individual) are directed in part towards a political end in Singapore within the meaning of section 8; and
